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Corporate update
Buffalo Coal Corp.
(Registration number: 001891261)
(External company registration number: 2011/011661/10)
Share code on the TSX Venture Exchange: BUF
Share code on the JSE Limited: BUC
ISIN: CA1194421014
(“Buffalo Coal” or “the Company”)
CORPORATE UPDATE
Buffalo Coal announced today the appointment of Mr Rowan Karstel as Interim Chief
Executive Officer and Mr Graham du Preez as Interim Chief Financial Officer and Corporate
Secretary with effect from 17th October 2016.
Mr Karstel has a wide range of cross commodity mining experience and has performed at
the senior management levels at several mining companies in South Africa and
Mozambique. He holds a Bachelor of Science degree in Mining and Civil Engineering from
the University of Pretoria, a Master’s degree in Mineral Economics from the University of
the Witwatersrand and an MBA from the University of Stellenbosch.
Mr du Preez is a senior finance executive with a track record of capable leadership in
publicly-traded international mining companies. He is currently also serving as the Chief
Financial Officer of Alloycorp Mining Inc. (formerly Avanti Mining Inc.), a position which he
will continue to hold.
Mr Craig Wiggill, Chairman, commented “We are pleased that Rowan and Graham have
joined Buffalo Coal and look forward to developing our strategy further with this new and
capable team.”
About Buffalo
Buffalo is a coal producer in South Africa. It holds a majority interest in two operating mines
through its 100% interest in Buffalo Coal Dundee (Pty) Ltd, a South African company which
has a 70% interest in Zinoju Coal (Pty) Ltd (“Zinoju”). Zinoju holds a 100% interest in the
Magdalena bituminous mine and the Aviemore anthracite mine in South Africa. Buffalo has
an experienced coal-focused management team.
Cautionary Notes:
This press release contains “forward-looking information” within the meaning of applicable
Canadian securities legislation. Forward-looking information includes, but is not limited to,
statements with respect to the future financial or operating performance of Buffalo and its
projects. Generally, forward-looking information can be identified by the use of forward-
looking terminology such as “plans”, “expects” or “does not expect”, “is expected”,
“budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not
anticipate”, or “believes”, or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity,
performance or achievements of Buffalo to be materially different from those expressed or
implied by such forward-looking information, including but not limited to: general business,
economic, competitive, foreign operations, political and social uncertainties; a history of
operating losses; delay or failure to receive board or regulatory approvals; timing and
availability of external financing on acceptable terms; not realizing on the potential benefits
of the proposed transaction; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of mineral products; failure of
plant, equipment or processes to operate as anticipated; accidents, labour disputes and
other risks of the mining industry; and, delays in obtaining governmental approvals or
required financing or in the completion of activities. Although Buffalo has attempted to
identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking information. Buffalo does not undertake to update any
forward-looking information, except in accordance with applicable securities laws.
Neither TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange), accepts responsibility for the adequacy or
accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Craig Wiggill
Chairman
Email: craig@wiggill.co.uk
14 October 2016
Designated Advisor:
Questco (Pty) Ltd
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